In 2023, Spain led with a Gross Value Added of 14.74 billion Euros in European rubber, plastics, and other non-metallic mineral products manufacturing, experiencing a year-on-year growth of 3.78%. The Netherlands and Belgium followed with values of 6.18 and 5.82 billion Euros, seeing respective growths of 3.61% and 3.55%. Countries like Slovakia and Estonia demonstrated notable percentage increases of 4.51% and 5.67%. Latvia grew by 4.6%, while Finland experienced slower growth at 0.51%.
Future trends to watch include:
- Sustainability and environmental regulations influencing production processes and material innovations.
- Digital transformation enhancing manufacturing efficiency and supply chain management.
- Growing demand for lightweight and high-performance materials in automotive and construction industries impacting sector growth and investment.
- Increasingly competitive landscape driven by technological advancements and globalization.
Top countries in Rubber, Plastics and Other Non-Metallic Mineral Products Manufacturing Gross Value Added by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 14,740 | 2023 | +3.8% | +3.78% | View data |
| 2 | 2 Netherlands | 6,180 | 2023 | +2.25% | +3.61% | View data |
| 3 | 3 Belgium | 5,820 | 2023 | +1.24% | +3.55% | View data |
| 4 | 4 Slovakia | 2,400 | 2023 | +0.63% | +4.51% | View data |
| 5 | 5 Finland | 2,310 | 2023 | +1.32% | +0.51% | View data |
| 6 | 6 Estonia | 416.83 | 2023 | +3.12% | +5.67% | View data |
| 7 | 7 Latvia | 374.31 | 2023 | +3.19% | +4.6% | View data |
| 8 | 8 Cyprus | 173.9 | 2023 | +1.4% | +2.65% | View data |
